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Ethical finance popular at business schools

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by David Masters
Ethical finance popular at business schools

Business schools are increasingly attracting students with a social conscience, new research has found.

A poll of business schools by Bloomberg BusinessWeek found that one in five has seen an increase in the number of applicants interested in microfinance, sustainability, social enterprise, and nonprofits.

“It seems like every other [application] I look at is talking about doing good while doing well,” Mary Miller, assistant dean of admissions at Columbia Business School, told BusinessWeek.

BusinessWeek said the changing nature of applications is partly driven by ideals, but partly by potential employers, who are increasingly realising that having a positive impact on the community makes good business sense.

However, according to a report in the Financial Times, only a handful of business schools are meeting the demand for courses in sustainable finance.

“There are very few people in a business school environment doing research in these areas, and people’s research tends to drive what they teach,” Rick Bunch, managing director of the Erb Institute for Global Sustainable Finance, told the Financial Times.

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News posted: April 6, 2010

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